Business cover
Most Kiwi businesses run on a handful of essential people. If one of them died or couldn't work tomorrow, would the business survive it? For a lot of good companies the honest answer is "not for long." Business cover exists to change that answer.
Done well, it's less about picking a product and more about getting the structure right: who owns each policy, how the proceeds are paid, and how it ties to your shareholder agreement. As an independent broker we work across the market and for you, structuring cover around your business rather than an insurer's shelf.
Pressure-test your coverWhat's included
Each piece does a specific job. Together they make sure a single event doesn't take the whole company with it.
Pays the business a lump sum or income if an essential person dies or can't work, buying time to absorb lost revenue and recruit a replacement.
Funds the surviving owners to buy a departing shareholder's stake at a fair, pre-agreed value, so control stays put and the family is paid properly.
Clears business loans, overdrafts and personal guarantees if an owner dies or is permanently disabled, so the debt doesn't land on the business or the family home.
Replaces the shortfall when a key person is out of action and income stalls, covering rent, wages and fixed overheads while the business stabilises.
Related reading
What happens to your business if you lose a key person, or a shareholder?
Good to know
Key person cover pays a lump sum or income to the business if an essential person (an owner, director or critical employee) dies or can't work. It helps the business absorb lost revenue, recruit and train a replacement, and stay stable while it recovers.
It funds the surviving owners to buy a departing shareholder's stake if they die or become permanently disabled. Paired with a buy/sell agreement, the remaining owners keep control and the exiting shareholder's family receives fair value, without anyone having to find the cash at short notice.
It depends on the cover and how the business is structured. Some policies are company-owned, others owned personally by shareholders, and the structure affects how proceeds are paid and taxed. This is exactly where independent advice matters: the structure is what makes the cover do its job.
Personal cover protects you and your family; business cover protects the company and its owners, covering debts, ownership, revenue and key people. Many business owners need both, working together. We look at the whole picture so nothing important is left exposed.
Explore more cover
Personal cover
Life, trauma, income protection and health cover for you and your family, many business owners need this alongside their business cover.
Explore personal coverGroup cover
A low-cost employee benefit that helps you attract and keep good people, cover for your whole team at group rates.
Explore group schemesWe structure key person, shareholder and debt cover so it responds exactly when your company needs it. Let's pressure-test your setup.